Are Texas and Florida the new California and New York?

Are Texas and Florida the new California and New York?

Elon Musk is the latest high-profile tech figure to relocate from California to Texas.







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Texas and Florida are challenging California and New York, respectively, but will they replace them?

Tech elites from Silicon Valley have been flocking to Texas, mirroring Big Apple financiers on the east coast fleeing to Florida.

They're all seeking warm weather, affordability, and low taxes as they leave behind a higher cost of living.

Texas and Florida may never truly displace California and New York, but the rivalry is real, positioning the southern states as true power players.

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Sunnier locales, lower taxes, and a more affordable cost of living. California's tech elite and New York's financiers are in pursuit of all three, and they've found that trifecta in Texas and Florida.

Out west, there's a Silicon Valley exodus to Texas, headlined by Elon Musk's and Oracle's moves to the Lone Star State. And on the east coast, there's the Wall Street exodus to Florida, marked by the relocation of Charles Schwab himself and reports of Goldman Sachs shifting some of its operations to